Sand Paper Market Scope
Sand Paper is applicable for cleaning the interior of pipes, smoothen out welds and clear out the uneven rough edges and surfaces. Sand paper market is expected to mark significant growth over forecasted period owing to increasing ideal option for refinishing antiques, providing Liquid sand paper,demand for home refurbishment and technological advancement. There has been significant rise in number of people getting employment in abrasive and sand paper industry with figure stood up to 12,896 in United States alone in 2019, the future for sand paper looks promising.The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the industrial, infrastructure/building sector.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Saint-Gobain (France), Klingspor (United States), 3M (United States), Mirka (Finland), Hermes (France), Hubei Yuli (China), Changzhou Kingcattle (China), Shandong Boss Abrasive (China) and Keystone (United States) |
CAGR | 2.4% |
In sand paper market, it has been observed that most of the companies are upgrading or introducing different light polishing applications that provide usage of sandpaper such as sizing engine parts, deburring, and cleaning. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Sand Paper market throughout the predicted period.
Saint-Gobain (France), Klingspor (United States), 3M (United States), Mirka (Finland), Hermes (France), Hubei Yuli (China), Changzhou Kingcattle (China), Shandong Boss Abrasive (China) and Keystone (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are TOA-Sankyo (Japan), Taiyo Kenmazai (Japan) and Uneeda (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Sand Paper market by Type , by Application (Wood, Metal, Varnishing and Others) and Region with country level break-up.
On the basis of geography, the market of Sand Paper has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In August 2016,Gran Tierra Energy has completed the acquisition of Colombian-based exploration and production company PetroLatina Energy in a previously agreed deal worth USD525m.
In November 2020,Asian Paints has launched a campaign for the launch of their latest range of specialized sanding paper brand – TruStar. The campaign has been conceptualized and executed by Tonic Worldwide.
Influencing Trend:
Increase demand of Sand paper in developing countries.
Market Growth Drivers:
Increase in Demand of Sand Paper for Automobiles Industry. and Rise in Disposable Income Fuelled Up the Sand Paper Market.
Challenges:
Limitation Due To Government Rules And Regulation Are Anticipated The Challenge The Market.
Restraints:
Messy Process and Additional Work to Clean Up Hampers the Sand Paper Market. and Lack of Natural Appearance Associated With Sand Paper.
Opportunities:
Proliferation of Furniture, Fabrications and Construction Activities Leads to Grow the Sand Paper Market. and Upsurge Demand of Passenger and Commercial Vehicles.
Key Target Audience
Sand Paper Manufacturers, Sand Paper Traders, End-Use Market Participants of Different Segments of Sand Paper, Government and Research Organizations, R&D Institutions and Others